Red Spruce Capital LLC Acquires 3,533 Shares of Zscaler, Inc. $ZS

Red Spruce Capital LLC raised its holdings in Zscaler, Inc. (NASDAQ:ZS) by 22.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,355 shares of the company’s stock after buying an additional 3,533 shares during the quarter. Red Spruce Capital LLC’s holdings in Zscaler were worth $2,732,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Integrated Wealth Concepts LLC increased its stake in Zscaler by 19.9% in the first quarter. Integrated Wealth Concepts LLC now owns 1,439 shares of the company’s stock valued at $285,000 after purchasing an additional 239 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Zscaler by 8.2% during the 1st quarter. NewEdge Advisors LLC now owns 4,899 shares of the company’s stock worth $972,000 after purchasing an additional 370 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Zscaler by 9.2% in the 1st quarter. Empowered Funds LLC now owns 2,811 shares of the company’s stock valued at $558,000 after buying an additional 238 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Zscaler in the 2nd quarter valued at about $252,000. Finally, Jump Financial LLC bought a new stake in Zscaler in the 2nd quarter valued at about $3,019,000. 46.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Zscaler news, CFO Kevin Rubin sold 3,000 shares of Zscaler stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $124.22, for a total transaction of $372,660.00. Following the transaction, the chief financial officer directly owned 41,901 shares of the company’s stock, valued at $5,204,942.22. The trade was a 6.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Adam Geller sold 2,817 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $122.60, for a total transaction of $345,364.20. Following the completion of the sale, the insider owned 42,314 shares of the company’s stock, valued at approximately $5,187,696.40. The trade was a 6.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 16,269 shares of company stock valued at $2,052,589 in the last 90 days. Insiders own 17.20% of the company’s stock.

Zscaler Stock Performance

Shares of ZS opened at $162.60 on Friday. The firm has a market capitalization of $26.29 billion, a P/E ratio of -338.74, a P/E/G ratio of 58.18 and a beta of 0.94. Zscaler, Inc. has a 52 week low of $114.63 and a 52 week high of $336.99. The stock has a 50 day moving average price of $140.92 and a two-hundred day moving average price of $152.39. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.86 and a current ratio of 1.86.

Zscaler (NASDAQ:ZS) last posted its earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.The company had revenue of $850.48 million for the quarter, compared to analyst estimates of $835.14 million. During the same quarter last year, the company earned $0.84 earnings per share. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. Equities analysts forecast that Zscaler, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. B. Riley Financial dropped their price target on Zscaler from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. Wedbush reissued an “outperform” rating and issued a $220.00 price objective on shares of Zscaler in a research note on Wednesday, June 10th. Rosenblatt Securities restated a “buy” rating and set a $200.00 price objective on shares of Zscaler in a report on Wednesday, June 10th. Mizuho lowered their target price on Zscaler from $210.00 to $185.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $180.00 target price on shares of Zscaler in a report on Wednesday, June 10th. Thirty-four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Zscaler currently has a consensus rating of “Moderate Buy” and an average target price of $214.21.

About Zscaler

Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.

Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.